Adelis Equity Partners

Ion Opticks develops, manufactures, and distributes advanced proteomics tools and precision chromatography solutions for analytical applications in medical research. The company focuses on high-performance nanoflow chromatography, including liquid chromatography with mass spectrometry, which enhances the sensitivity of mass spectrometry sample analysis. This capability allows scientists and clinicians to extract more information from their samples, facilitating research into critical areas such as cancer, Parkinson's disease, and other age-related conditions. Ion Opticks aims to support the scientific community by providing innovative solutions that improve the accuracy and depth of proteomic analysis.

Hedvig AB is an innovative insurance provider based in Stockholm, Sweden, founded in 2016. The company offers a range of insurance products including home, contents, travel, and accident insurance, as well as coverage for personal belongings such as bicycles and mobile phones. Launched in 2018, Hedvig has expanded its services to all Scandinavian countries and operates as an EU-licensed carrier. The company distinguishes itself through a focus on customer service and efficient claims handling, aiming to create a user-friendly experience that resonates with clients.

netIP is a provider of information technology services focused on serving Danish businesses. The company specializes in IT outsourcing, infrastructure management, security solutions, SharePoint services, and consulting. By offering these services, netIP aims to assist clients in making informed decisions, enhancing service quality, and reducing errors in their operations.

Westpack A/S is a prominent manufacturer of high-quality custom-made packaging solutions for the jewelry, watch, and eyewear industries. Established in 2001 and headquartered in Holstebro, Denmark, the company offers a diverse range of products, including jewelry boxes, displays, pouches, bags, and various accessories designed for both retailers and manufacturers. Its clientele includes jewelry shops, wholesalers, goldsmiths, and brand companies of all sizes, which the company serves through jewelry fairs, sales offices, and an online store. With sales offices across multiple European countries, including the United Kingdom, Sweden, and Germany, Westpack has established itself as a market leader in Europe, providing tailored packaging solutions to meet the unique needs of its customers.

Pixelz is a company that specializes in product image editing services tailored for online retailers, bloggers, designers, photographers, and website developers. Founded in January 2009 by Thomas Kragelund and headquartered in San Francisco, California, Pixelz provides a range of packages, including SOLO, PRO Retailer, Pro Studio, and API, which are priced based on the number of images processed. The company aims to enhance the workflow of photo studios for brands and internet retailers by offering professional image editing tools and software. By delivering customized product images, Pixelz enables e-commerce businesses to effectively market their brands and improve online conversion rates.

Valamis is a developer of a digital learning platform that aims to enhance workforce development and learning experiences across various industries, including finance, insurance, and manufacturing. The platform facilitates formal, informal, social, and microlearning, providing tools for content authoring and management. Valamis also supports in-depth analytics through compliance with the xAPI standard and includes a built-in Learning Record Store (LRS) to track learning progress. By integrating learning technology with precise design and data science, Valamis offers organizations an effective solution for upskilling their workforce and managing global learning and development initiatives.

Säkra Limhamn AB is one of Sweden's largest independent chains in insurance brokerage, fund investing and financial advice.

Kanari, established in 2011 and headquartered in Oslo, Norway, is a leading provider of IT performance solutions. The company specializes in monitoring, measuring, and analyzing IT infrastructure performance across various sectors such as finance, manufacturing, retail, and energy. Kanari serves large Nordic enterprises by offering stability and performance analytics services, along with application performance monitoring. Through predictive analytics, the company helps clients optimize their IT environments, prevent incidents, and accelerate digital transformation. Kanari operates additional offices in Strand, Sweden; Copenhagen, Denmark; and Helsinki, Finland.

Axentia Technologies AB is a Swedish company based in Linköping, established in 2004. It specializes in the manufacturing and supply of autonomous real-time display systems designed for the public transport sector. The company offers a range of products, including the iBus display, which provides real-time information services, along with accessories such as text-to-speech systems and digital timetables. Axentia Technologies focuses on low-power electronics design, mobile network communication, and FM data broadcasting, ensuring that its display systems are both efficient and effective. Additionally, the company develops cost-effective alarm systems tailored for rescue organizations, further expanding its contributions to public safety and transport solutions.

Ropo Capital is a provider of comprehensive invoice management services that encompasses the entire receivables lifecycle, from invoice delivery to payment monitoring and management. The company specializes in automating the billing process, allowing clients, which range from small businesses to large corporations, to streamline their operations. Unlike competitors that focus on isolated aspects of invoicing, Ropo Capital offers an integrated solution that enhances efficiency and accelerates cash flow. By leveraging digitized processes and agile business models, Ropo Capital helps clients reduce manual tasks, thereby improving overall customer experience and financial outcomes. The company is known for its stability and strength while maintaining agility in its service delivery.

Ordrestyring.dk is a Danish company founded in 2011 by Carsten Rasmussen, based in Copenhagen. The company specializes in providing order management services tailored specifically for craftsmen. Recognizing a gap in the market, Rasmussen developed an hourly management system designed to meet the needs of this sector. Initially, the company attracted a small number of customers willing to test the program during its development phase. Since then, Ordrestyring.dk has grown to serve a wider clientele, offering tools that streamline order management for craftsmen, enhancing their operational efficiency.

Didriksons AB, founded in 1913 and based in Borås, Sweden, is a prominent manufacturer and retailer of functional clothing and oil garments. Initially established to produce workwear for fishermen, the company has evolved into a leading brand in Scandinavia, offering a diverse range of waterproof sportswear and accessories for women, men, youth, and children. Its product line includes jackets, tops, bottoms, coveralls, and boots, designed to keep customers dry and comfortable in various weather conditions. Didriksons caters to a wide audience, including outdoor enthusiasts such as hunters, golfers, and fishermen, and distributes its offerings through retail stores across Sweden.

Hantverksdata Sverige AB is a software development company based in Danderyd, Sweden, with a focus on the construction and service sectors. Founded in 1971, it has over 45 years of experience in providing management software tailored for the electrical, plumbing, painting, and glass industries, as well as industrial solutions related to alarms and flooring. The company employs around 100 staff across Sweden, Finland, Norway, and Denmark, serving approximately 4,000 corporate customers and 35,000 users. Hantverksdata's software features include time planning, business modeling, staff management, error detection, construction site monitoring, and management of recurring services, aimed at enhancing the performance and quality of installations for project managers in the building services industry. With a turnover of around SEK 165 million, Hantverksdata continues to be a significant player in the Nordic market for ERP systems in the construction sector.

Generaxion is a leading digital marketing and consultancy firm based in Northern Europe, specializing in the digital transformation of businesses. With a team of over 350 skilled professionals operating across ten Demand Studios in Scandinavia, the company delivers tailored marketing solutions to small and medium-sized enterprises. Generaxion focuses on analyzing various marketing channels and providing local insights, ensuring that clients receive customized strategies that align with their unique needs. Having successfully driven demand for more than 8,000 companies, Generaxion is dedicated to helping businesses achieve their goals and realize their aspirations through effective digital marketing.

Nordentic is a manufacturing and design company specializing in dental implants and prosthetics. Operating across Sweden, Norway, and Denmark, it serves dental laboratories by providing advanced dental technology solutions. The company offers a diverse range of products, including fixed and removable prosthetics, various implant types, and orthodontic products. With a focus on implementing innovative technologies and materials, Nordentic delivers expert solutions that enable dentists to address intraoral defects, such as missing teeth and structural issues within the jaw and palate.

AddPro is a rapidly growing company that specializes in application and cloud integration services for businesses of all sizes. It provides a range of offerings, including application and integration services, IT infrastructure, security and communication solutions, cloud services, and consulting for both hardware and software. By focusing on digital innovation, AddPro enables its clients to enhance their operations and achieve greater efficiency through the development of smart, flexible, and cost-effective IT systems.

Knightec is a consulting firm that specializes in technology and digitalization services aimed at fostering innovation and simplifying everyday life. The company provides a range of consulting solutions, including research and development, which span from idea generation to the delivery of quality-assured and connected products. Knightec serves various industries, such as telecommunications, life sciences, automotive, defense, energy, and packaging. By focusing on customer value, the company helps its clients develop new business models that enhance product profitability and ensure quality assurance, addressing the complex challenges faced in today's dynamic market.

Quattro Mikenti Group is a prominent engineering contractor based in Finland, specializing in technical building services. The company operates through 13 specialized subsidiaries and employs over 450 professionals in the field. It offers a comprehensive range of services, including HVAC, plumbing, electrical, refrigeration, sprinkler installation, and security technology, catering to residential, commercial, industrial, and healthcare sectors. By partnering with developers and major construction firms, Quattro Mikenti Group ensures that projects are completed efficiently and within budget. Its extensive expertise and commitment to quality make it one of the largest technical building services contractors in Finland.

The combination of IT Relation, Front-data and DSI-NEXT, we have made four investments and three add-on acquisitions in Denmark since establishing Adelis less than three years ago. We are impressed by the three companies’ niche focus on small businesses, their consistent growth, and their strong cultures that make them leaders in this industry,” said Steffen Thomsen of Adelis. “This acquisition creates a strong platform for growth. We have experience with similar companies where we have focused on finding the best platform in terms of a scalable business model combined with a strong company culture and a skilled management team,” Joel Russ of Adelis added. ###The three businesses will continue activities under their own brands as part of the IT Relation Front-data Group### and have access to capital and knowledge that will make it possible to accelerate their positive business development.

SSI Diagnostica A/S is a Danish company that specializes in the development, production, and sale of in vitro diagnostic products. Founded in 1998 and based in Hillerød, Denmark, the company serves various sectors, including clinical microbiology, veterinary diagnostics, food safety, environmental monitoring, and hygiene control. SSI Diagnostica offers a range of products, including antisera and culture media produced in-house, as well as blood products sourced from its own farm. With a commitment to quality and innovation, the company distributes its diagnostic solutions both domestically and internationally, contributing to improved health outcomes across multiple industries.

Nordomatic is a Swedish company founded in 1967, recognized as a pioneer in providing brand-independent solutions for the real estate market. The company specializes in building management systems (BMS), energy optimization services, and system integration. By offering advanced control and monitoring systems, Nordomatic plays a crucial role in reducing energy consumption and enhancing indoor climates for property owners in Scandinavia. The company prides itself on its expertise and innovative approach, continuously advancing its services to meet the evolving needs of the real estate sector.

Puuilo, a mid-sized non-food retailer offering small hardware, gardening products, tools, machinery, leisure products, pet products, detergents and seasonal products.

Intersport Sweden is a retail chain specializing in sports apparel and equipment, established in 1974 and headquartered in Taberg, Sweden. The company operates a network of stores that provide a diverse range of products for various sports, including soccer, hockey, and cricket, among others. By offering a wide selection of sporting goods, Intersport Sweden aims to meet the needs of its customers, ensuring they have access to the appropriate equipment for their activities.

Med Group Oy is a healthcare company based in Vantaa, Finland, specializing in a wide range of services including ambulance, medical, oral healthcare, and home care. The company provides emergency ambulance services, responding to medical emergencies and facilitating non-emergency patient transfers. It offers comprehensive medical services across various sectors, including basic health care, school health services, maternity clinics, child health care, and elderly care. Additionally, Med Group provides personal assistant services, patient transport both domestically and internationally, and medical assistance for travelers, which encompasses consultations, treatment monitoring, and return transportation arrangements if necessary. The company also engages in public sector medical training, offers around-the-clock consultation and assistance, and supplies medical kits for first aid. Serving a diverse clientele that ranges from children to seniors, Med Group is committed to delivering essential healthcare services throughout Finland. Founded in 2007, the company has established a robust presence in the Finnish healthcare landscape.

Green Team Group specializes in the cultivation and distribution of Christmas trees and offers related services, including seedling production and decoration. The company employs a unique stratification system to optimize the timing of seeding, resulting in improved germination rates and stronger plants. This innovative approach enables Green Team Group to provide its customers with high-quality Christmas trees at competitive prices, ensuring a robust supply during the holiday season.

NGI A/S manufactures a range of machine feet in stainless steel and reinforced polyamide for adjustment, stabilization, and vibration absorption of all types of machines and equipment.

Logent Holding AB is a logistics company based in Stockholm, Sweden, with an additional office in Lillestrøm, Norway. Founded in 2006, it specializes in a comprehensive array of logistics services, including warehousing, distribution, transport management, and customs services. The company also focuses on staffing solutions, providing recruitment services in warehousing, distribution, and industry, as well as for executives and specialists in supply chain management and procurement. Logent engages in developing and managing ports and terminals, and offers consultancy services, site solutions, training, and IT systems tailored for the logistics sector. Its diverse offerings position Logent as a significant player in the logistics landscape in Sweden and beyond.

EITCO GmbH serves as a comprehensive consultancy for companies in the consumer product and food sectors, offering a streamlined approach to monitoring and analyzing critical public and internal information. The company specializes in designing effective work processes, particularly for public sector applications, and provides a full range of services from consulting and design to implementation and ongoing support. Additionally, EITCO develops its own open-source software platform aimed at enhancing specialist applications, thereby enabling businesses to improve their workflows and overall operational efficiency.